Surge in HDFC Bank Ltd. Put Options: 2,150 Contracts Traded, Turnover Hits Rs 230.23 Lakhs

HDFC Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, HDFCBANK, is currently valued at Rs 1976.1, just 2.47% shy of its 52-week high of Rs 2027.1. The bank's put options, set to expire on July 31, 2025, have seen significant activity, with 2,150 contracts traded, resulting in a turnover of Rs 230.23 lakhs. Open interest stands at 2,912 contracts, indicating a robust interest in these options.
Despite the heightened activity in the options market, HDFC Bank's stock has faced challenges, experiencing a decline of 1.64% over the past three days. Today's performance aligns closely with the sector, which saw a minor dip of 0.05%. The stock has been trading within a narrow range of Rs 12.4, and while it remains above its 20, 50, 100, and 200-day moving averages, it is currently below its 5-day moving average.

Investor participation appears to be on the rise, with a delivery volume of 50.23 lakhs on July 11, reflecting a 14.09% increase compared to the five-day average. The liquidity remains favorable, supporting a trade size of Rs 30.12 crore. Overall, HDFC Bank's recent activity in the options market highlights a dynamic trading environment amid its current stock performance.